Huaxia Bank board approves related party transactions, extraordinary meeting set

Huaxia Bank's ninth board of directors approved several key measures via written resolution. The board passed a resolution regarding related party transactions with directors, supervisors, and senior management. Voting results were 15 votes for, 0 against, and 0 abstentions for transactions with directors (interested directors recused themselves), and 16 votes for, 0 against, and 0 abstentions for transactions with supervisors and senior management. These transactions involve daily financial products and services, not reaching the threshold for major related party transactions.

Additionally, the board approved a daily related party transaction limit of 139.8 bn yuan with Beijing Bank, with 15 votes for, 0 against, and 0 abstentions (chairman Yang Shujian recused himself). This includes 45 bn yuan for credit-based transactions and 94.8 bn yuan for non-credit-based transactions. This transaction amount exceeds 5% of Huaxia Bank's latest audited net assets and requires approval at a shareholders' meeting.

Finally, the board approved a resolution to convene Huaxia Bank's second extraordinary general meeting in 2025, with 16 votes for, 0 against, and 0 abstentions, to consider the Beijing Bank transaction and other agenda items. The bank's supervisory board also approved the related party transaction with its directors, supervisors, and senior management.